New Wisconsin Tax Withholding Rates Effective April 1, 2014
March 21, 2014
The Wisconsin Department of Revenue released revised withholding tables effective with the first payrolls after April 1, 2014. This may cause employees to see a decrease in their Wisconsin tax withholding starting with the April 1 paycheck for unclassified employees (paid monthly) and the April 3 paycheck for classified employees (paid biweekly). The new withholding tables are found in the Wisconsin Employer's Withholding Tax Guide (Publication W-166).
The withholding table changes reflect the individual income tax rate cuts effective in tax year 2013, an additional proposed rate cut which would be effective in tax year 2014, as well as adjustments due to inflation. The last revision to Wisconsin's withholding tables took place in October 2009.
Source: UW Service Center
Categories: Tax